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Does the US economy need another $480 billion in stimulus? –

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Liu Guanguan/China News Service/Getty Images

By Julia Horowitz, CNN Business

The Federal Reserve is buying $120 billion in bonds per month, part of a package of emergency measures to prop up the US economy during the pandemic. But as activity returns to normal, is that level of support necessary?

That’s among the key questions facing central bankers when they gather for an annual meeting in Jackson Hole, Wyoming this week.

What’s happening: The event, which usually includes central bankers from around the world, will be a pared-back affair due to the pandemic. Neither European Central Bank President Christine Lagarde nor Bank of England Governor Andrew Bailey will be in attendance.

That puts attention squarely on the Federal Reserve, which telegraphed last week that it could begin to taper its bond purchases by the end of the year.

At its current pace, the Fed would scoop up about $480 billion in assets between September and December. But…

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